Safeguarding the Sacred Sector during the COVID-19 Health Crisis

Safeguarding the Sacred Sector during the COVID-19 Health Crisis

The Center for Public Justice encourages policymakers to craft policies that respond forthrightly to the twin health and economic crises by strengthening civil society and the social safety net while also preserving institutional religious freedom. This policy paper outlines a number of recommendations for policymakers to consider as they address COVID-19 in the coming days.

Combating Predatory Payday Lending: The Faith Community Responds

Combating Predatory Payday Lending: The Faith Community Responds

In Minnesota, like thirty-three other states, payday lenders can legally offer short-term, small-dollar loans to customers. Payday loans are marketed as helpful and useful tools to address unexpected financial needs. The loans, however, are made based on the lender’s ability to collect, and not the borrower’s ability to repay, so payday loans almost always create a debt trap.

That All Might Thrive: The Colorado Initiative Story

That All Might Thrive: The Colorado Initiative Story

In 2018, a movement with faith leaders at its core known as the Financial Equity Coalition led a state-wide ballot initiative, Proposition 111 (“Prop 111”), that asked Coloradans to end predatory payday lending practices by lowering annual percentage rates from 160 percent to 36 percent. By doing so, they took on an industry earning $50 million in state yearly and followed an ancient Judeo-Christian tradition of standing against usury and all practices that enrich a few by exploiting the poor.